Follow these 6 Tricks to be secure from mobile banking frauds

The Covid-19 epidemic connected those in the digital world who were always distant from it. That is, people who have little understanding of digital platform are learning it. However, many hackers are taking advantage of their weakness. In fact, these days many cases of money being stolen from accounts on digital platforms are coming up. A mistake made by the user makes their entire account empty. In such a situation, if you also use banking apps, then there are some things you should always keep in mind ...

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1. Multi Factor Authentication Feature 

Single passwords are easy to crack, but the multi factor authentication feature cannot be cracked easily. In this case, you should use this feature in your banking apps. In this feature, user needs many things such as fingerprint scanner, OTP, debit card number with password to login. In this case, multi-layer cannot be broken easily.


2. NFC-embedded SIM card usage

The NFC-embedded SIM card is a SIM card that allows consumers to securely download their credit card information to a Near Field Communication (NFC) SIM card. With this option, the consumer does not need to carry his debit or credit card. In such a situation, there is no tension to lose or forget the card. With the help of a card, a hacker can access your account. In such a situation, the possibility of this matter also ends.


3. End-to-End Encryption

These days digital transactions are growing rapidly. Transactions of billions are being done in many ways like payment cards, merchants, card brands, bank cards all over the world. These transactions are monitored by hackers. In such a case, end-to-end encryption is the solution to this threat, as it ensures to keep the data secure and strong. It carries out security audits and pension tests that take security majors up to extras miles.


4. Use of in-display fingerprint devices

Now most bank apps are also offering fingerprint security. However, this feature is found in smartphones that have an in-display fingerprint scanner. It receives different sets of signals such as IP address, location, time of day, device type, screen seas, browser etc. In such a situation, you can also use a device that has an in-display fingerprint scanner.


5. Real time text and email alerts

You should also keep app notifications on with real time text and email alerts related to your account. So that if there is any transaction related to your account, then you get instant alerts related to it. If you do not get the alert on real time then you should talk to your bank once. It will alert you immediately to avoid fraud in bank account.


6. Check the source of the app

These days many hackers create apps similar to the bank and put it on the App Store. In such a situation, if you have downloaded the wrong app in a hurry, then your bank money will be lost, the phone's data will also be stolen. Whenever an app is installed in it, then its developer, install, rating, review, etc. should be considered. These days many users are making the mistake of installing the wrong app.
Follow these 6 Tricks to be secure from mobile banking frauds Follow these 6 Tricks to be secure from mobile banking frauds Reviewed by on October 08, 2020 Rating: 5

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